US Dollar Extends Rebound, What to Buy It Against

Adam Button of ForexLive.com thinks the question that traders interested in buying the US dollar have to be asking themselves is…where? Adam suggests a few scenarios that should be considered, though he doesn’t think the USD bull market is over.

If you want to buy the US dollar—and I don’t think the USD bull market is over—the question is, where?

One school of thought is to buy the dollar where USD is weakest (JPY, NZD) and expect a complete retracement in everything. The other, I think correct, idea is that any currency that can barely make a gain against the US dollar on Tuesday (AUD, GBP) is very weak.